The hype over a possible conclusion to the high-profile Ripple vs. SEC lawsuit gripped social media this week, with online chatter, particularly on X (formerly Twitter), suggesting the years-long legal battle could end as soon as today. Legal experts who are conversant with the workings of the SEC have, however, dismissed these claims.
Marc Fagel, a former SEC official turned to X to provide some expectation tempering, claiming that it was “highly unlikely” that resolution would occur in the Ripple vs SEC lawsuit today. He noted that both Ripple and the U.S. Securities and Exchange Commission (SEC) have not dropped their appeals, which is a prerequisite towards an eventual settlement.
Highly unlikely. At this point neither party has dismissed their appeal; it typically takes the SEC several weeks (or months) to vote on enforcement matters. Anything is possible, but it would be very unusual (and anyone saying otherwise doesn't understand how the SEC works).
— Marc Fagel (@Marc_Fagel) July 6, 2025
Ripple vs SEC Lawsuit Sparks New Rumors
Fagel wrote that anything is possible, but it would be very unusual. The SEC typically takes weeks, sometimes months, to vote on enforcement matters.
Rumors have been spreading partly due to a closed-door SEC meeting planned on July 3, which some believed would represent a possible indication of a breakthrough in the Ripple vs SEC lawsuit.
The agenda involved case by case discussions or resolutions, which created speculations that an agreement with Ripple might be in the pipeline. However, Fagel dismissed the buzz, describing the meeting as routine. He posted:
“In other words, the meeting they hold every Thursday is being held Thursday. Tells us nothing about Ripple timing. Sorry.”
Garlinghouse Signals Shift in Ripple vs SEC Lawsuit
To make the events more intriguing, Ripple CEO Brad Garlinghouse has already noted his readiness to withdraw the appeal of the company, an action that would enable an earlier partial decision against Ripple that was made by a judge named Analisa Torres to take effect immediately in case the SEC should also withdraw its appeal against Ripple.
However, neither party has made any formal filings as yet to either end, and the Ripple vs SEC lawsuit still remains stagnant. This is consistent with the opinions of other legal observers, such as crypto lawyer James K. Filan, who reiterated that there has been no clear indication that a resolution is in the process.
Rather, a majority are now of the view that the legal proceeding of the Ripple vs SEC lawsuit would take much longer than the scheduled meeting in July 3.
Ripple vs SEC Lawsuit Fuels Regulatory Debate
Despite the legal murkiness, the XRP community remains on edge, hoping for closure in a case that has become symbolic of broader regulatory uncertainty in the U.S. crypto space. Analysts caution, however, that government enforcement processes can seldom follow crypto markets as quickly as they can.
Although there is still hope that things can be resolved between the two parties down the road, perhaps those hoping we would see a resolution on the same day in the Ripple vs SEC lawsuit, might have to adjust expectations.
Conclusion
To summarize, even though the hype surrounding the Ripple vs SEC lawsuit is at an all-time high on the Internet, legal experts warn people to brace themselves. Until one of the parties files an official document, a prompt resolution is not likely to occur. XRP holders will have to brace themselves as the process drags and understand that the scope of regulations seldom aligns to the timeframes expected on the crypto market.
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Summary
The Ripple Vs SEC lawsuit has sparked speculation again on the internet, with rumors that this could come to an end. Former SEC official Marc Fagel rejected the notion, however, citing that neither party has dropped their appeals and that the actions of the SEC in decision-making can be slow. An SEC meeting on July 3 stirred the hopes but insiders say it is normal. Although the CEO of Ripple, Brad Garlinghouse, alluded to withdrawing the appeal, this has not taken place. Investors in XRP are advised to expect new delays in the case.
FAQs
1. Is the Ripple vs SEC lawsuit ending today?
Unlikely. No appeals have been officially withdrawn.
2. What was the July 3 SEC meeting about?
Just a routine meeting, not Ripple-related.
3. What happens if appeals are dropped?
Judge Torres’s ruling would take immediate effect.
4. What should XRP holders expect now?
More delays. A resolution may take weeks or months.
Glossary Of Key term
Ripple vs SEC Lawsuit
Legal case over whether XRP is a security.
SEC
U.S. agency regulating financial markets and securities.
Marc Fagel
Ex-SEC lawyer commenting on the case.
Judge Analisa Torres
Judge overseeing the Ripple vs SEC case.
Brad Garlinghouse
CEO of Ripple, open to ending the appeal.
July 3 SEC Meeting
Private meeting that sparked settlement rumors.
Enforcement Matters
SEC actions against potential law violations.
Reference
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